The company posted job openings as recently as Friday, while employees, investors, analysts and competitors waited to hear Intel President and Chief Executive Officer Paul Otellini's plans for massive restructuring.

The company's Web site featured 22 U.S. positions posted in the last two weeks. It contained another 19 in Israel and six in Malaysia, where media are reported that some employees had received offers for voluntary separation.

The job openings remained Tuesday, as Otellini presented the findings of a three-month review during a worldwide internal Web cast and revealed plans to save $2 billion in 2007.

Several organizations have recognized Intel over the past year as one of the best U.S. employers. Rankings resulted from several factors, including job security.

Intel announced at the end of the second quarter that its profits and market share had dropped. The company announced that it would probably miss its sales target for 2006. Since then, the company reportedly cut about 1,000 jobs in Malaysia.